Berkshire to write Suncorp NZ cat cover: UK report
12 June 2012
Berkshire Hathaway has agreed to write all Suncorp’s New Zealand catastrophe cover, according to London website Insurance Insider…
Corporate
IAG loses its Buzz
12 June 2012
IAG has announced it will close its online-only business, Buzz Insurance, due to the “ongoing investment required to build sufficient awareness of a relatively new brand”…
Liberty moves in on Perth
12 June 2012
Specialist lines insurer Liberty International Underwriters has opened an office in Perth, rounding out its coverage of the Australian market…
Swiss Re appoints new Asia-Pacific head
12 June 2012
Swiss Re Corporate Solutions has appointed Ted Hodgkinson as Head of Asia Pacific, based in Singapore…
Willis announces Gatto replacement
12 June 2012
Global broker Willis has appointed Chris Nelson as MD Placement Services for Willis Australia and New Zealand, effective immediately…
NZ’s Civic re-entering market after securing reinsurance
12 June 2012
New Zealand local government insurer Civic Assurance is re-entering the property insurance market after securing reinsurance for the coming year…
Allianz Global Assistance appoints NZ chief
12 June 2012
Phil Hibbert has taken the new role of EM at the New Zealand operations of Allianz Global Assistance…
Coles claim is ridiculous: AAMI
12 June 2012
AAMI has hit back at the results of a Coles Insurance survey that claims other motor insurers are charging “at least $305 million more than they need to”…
Insured Group wants to sell insurance to wealth advisers
12 June 2012
Perth-based Insured Group wants to move into the wealth management advice industry to sell general insurance…
Snowball sees big savings in simplifying
04 June 2012
Suncorp’s general insurance business is performing ahead of expectations and is targeting a 12% underlying insurance margin this financial year, says CEO Patrick Snowball…
Wesfarmers on track for improved performance
04 June 2012
A combination of rate increases, exposure management and cost-cutting is behind an improved underwriting margin at Wesfarmers Insurance, says MD Rob Scott…
Willis poaches team from Aon
04 June 2012
Willis has poached four Aon Risk Solutions executives in a move Willis CEO Pieter Lindhout says will strengthen its expertise in financial lines…
Melbourne broker stays with Australian Reliance
04 June 2012
Melbourne-based Reliance Insurance Brokers has decided to stay with the Australian Reliance network, using the name but setting up its own back-office function…
China Taiping quits Wellington and Christchurch
04 June 2012
The New Zealand arm of Hong Kong insurer China Taiping will not write new business in the Canterbury region or Wellington, long considered a high earthquake risk…
Carbon sink insurance set for growth
04 June 2012
Vero expects significant growth in its carbon sink insurance product as the carbon tax’s July 1 introduction approaches…
Grant Herbert charged
04 June 2012
The head of New Zealand’s failed Herbert Insurance Group, Grant Herbert, has been charged with crimes relating to theft and forgery…
Changes don’t affect Centrepoint funding business
04 June 2012
The restructuring of Centrepoint Alliance wealth advice businesses will not affect the premium funding operations…
Broker expands into regional Victoria
04 June 2012
Melbourne-based broker McLardy McShane has expanded its presence in regional Victoria with a Shepparton office…
Steadfast members vote for listing
28 May 2012
Steadfast is moving towards a public listing after members voted at an extraordinary general meeting last week to adopt a new constitution…
Lehane to replace Feely at Zurich
28 May 2012
Zurich General Insurance has appointed a senior manager with local and international experience as the EGM of its crucial SME business…